Read twice and referred to the Committee on Finance.
Amends Internal Revenue Code section 48D to expand the advanced manufacturing investment credit to include facilities that manufacture semiconductor materials. It defines “semiconductor materials” as direct and indirect production materials (with enumerated examples), requires the Treasury Secretary (with Commerce) to publish and update a qualifying materials list within 180 days and annually, allows taxpayer petitions for determinations, excludes generic-use materials, and applies to property placed in service after enactment.
Progressives emphasize jobs, supply-chain resilience, and labor/environment safeguards
Relative to its intended legislative type, this bill is a targeted substantive amendment to the tax code that is generally well-specified in definitional terms and assigns reasonable administrative implementation tasks, but it omits fiscal acknowledgment and leaves several procedural and definitional thresholds to executive regulation.
Amends Internal Revenue Code section 48D to expand the advanced manufacturing investment credit to include facilities that manufacture semiconductor materials.
It defines “semiconductor materials” as direct and indirect production materials (with enumerated examples), requires the Treasury Secretary (with Commerce) to publish and update a qualifying materials list within 180 days and annually, allows taxpayer petitions for determinations, excludes generic-use materials, and applies to property placed in service after enactment.
Technically specific and potentially bipartisan but creates revenue loss and typically moves as part of larger packages rather than alone.
Relative to its intended legislative type, this bill is a targeted substantive amendment to the tax code that is generally well-specified in definitional terms and assigns reasonable administrative implementation tasks, but it omits fiscal acknowledgment and leaves several procedural and definitional thresholds to executive regulation.
Progressives emphasize jobs, supply-chain resilience, and labor/environment safeguards
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives emphasize jobs, supply-chain resilience, and labor/environment safeguards
Generally favorable because it supports domestic semiconductor supply chains, job creation, and industrial capacity.
Concerned about ensuring benefits reach workers and about environmental and public-health safeguards for chemical-intensive production.
Cautiously supportive: sees targeted tax incentives as practical for rebuilding supply chains, but wants clear definitions, fiscal offsets, and administrative clarity to prevent abuse and manage costs.
Skeptical: values domestic semiconductor capacity and national security, but views expansion of tax credits as market distortion and corporate welfare that increases government intervention and complexity.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Technically specific and potentially bipartisan but creates revenue loss and typically moves as part of larger packages rather than alone.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize jobs, supply-chain resilience, and labor/environment safeguards
Technically specific and potentially bipartisan but creates revenue loss and typically moves as part of larger packages rather than alone.
Relative to its intended legislative type, this bill is a targeted substantive amendment to the tax code that is generally well-specified in definitional terms and assigns reasonable administrative implementation tasks,…
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